GM worse off than I thought....

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I just saw where GM is trying to sell off 25% to 50% of Opel. This can't be a good sign. Opel has been fully owned by GM for 80 years. I wouldn't be much more shocked if they said they were going to sell 25%
of Chevrolet....
If I was running Toyota, I'd try to buy 50% now....
Ed
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GM wants to sell off European brands because it costs much more to make cars in Europe because of the socialist governments there. If BO keeps getting his way we are headed down that sorry road as well

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Bluh bluh, socialism bluh bluh socialism Yadda yadda socialism. You are stuck in a stanky groove. What facts can you give us comparing GM US workers with GM Euro workers with Japan auto workers.
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wrote:

Bluh bluh, socialism bluh bluh socialism Yadda yadda socialism. You are stuck in a stanky groove. What facts can you give us comparing GM US workers with GM Euro workers with Japan auto workers.
=========== Allow me to predict Uncle Jemima's response:
"BACARDI!!! LMAO ROFL!!!"
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On Fri, 27 Feb 2009 11:23:33 -0800, edspyhill01 wrote:

If you guys can't see Socialism looming on the horizon you need to remove the blinders.
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wrote:

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On Sat, 28 Feb 2009 03:05:32 +0000, Retired VIP wrote:

IT hasn't quite passed the muster...yet.
But judging from all the K00L-Aid drinkers in this group, it won't be long...
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I also believe that the "great leader" has proposed twiddling with profits earned by off-shore subsidiaries, so even more reason for US companies to move their headquarters to where they see the greatest returns. Wonder if we will see GM-Tobago or some such?
R i I
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If that is true why are the European GM's so much better than the "all american" ones?
nate
Mike Hunter wrote:

--
replace "roosters" with "cox" to reply.
http://members.cox.net/njnagel
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On Fri, 27 Feb 2009 13:44:02 -0500, "Mike Hunter"

Exactly what is so bad about this "socialism" ?
Is Medicare socialism ? Is Social Security "socialism" ?
I know that "investing all your assets in the stock market" would be capitalism....... of course, you just lost your ass there.
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Socialism in Europe is what allows people to earn a living wage, to buy cars, etc. It allows citizens or residents, in most cases, access to medical care, retirement, vacations.
It allows factories to produce high quality products, rather than have to cut corners, produce cheap junk, sell at cutthroat prices, compete for the low end market.
It attempts to balance the needs of the people, of society, against the demands and needs of industry and commerce.
Like capitalism, too much of it can be a bad thing. ;>)
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HLS wrote:

Poor Europe, they don't have medical bankruptcies there-we do. Those poor deprived Socialists.
--
Civis Romanus Sum

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they don't have the money to keep it, pure and simple. I read where the German government wants to keep Opal as a German operation. It will be interesting to see if they take it over.
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The cost of making cars does not matter if the selling price can cover the expenses. I'm sure other manufacturers face the same costs as far as the socialist government.
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Mike Hunter doesnt know shit about anything and never has.
To buy a car, it has to have a certain appeal, prestige. GM fell down on the job here. Whether rightfully or not, the American car is no longer regarded as a standard of industry...an engineering masterpiece...a reliable piece of equipment.
In Norway, a new car would cost you upwards of $40,000, and much higher. It has to be good or nobody will buy it. BECAUSE the system is democratic socialism, the people are educated, have jobs, and can afford to pay the higher prices for BMW, Mercedes, VW, etc. (This system works there, but would never work here. We can discuss at length, if we need to do so.)
Now we have a nation of scared people. Minimum wagers, no job security, no healthcare, etc. And if you are in that circumstance, you dont buy a car. You drive a 15 year old POS or ride the bus. \
Let's not even cast blame. The boat is taking on water, and it doesnt make a damn if we hit an iceberg or if the nails rusted out.
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C. E. White wrote:

I think Toyota would handle such an acquisition the way Southwest Airlines handled airlines that it bought. They sold the planes and kept only the gate rights. So I'd expect Toyota to keep only the factories and maybe not even any of the machinery inside.
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Come on Ed. Is cross-posting this to GM and Toyota groups necessary? You have managed to start several flame wars, why do you feel the need to start more?
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"80 Knight" <nospam> wrote in message news:fL-

I dont see there needs to be a flame war. This is deadly serious for everybody.
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On Fri, 27 Feb 2009 14:21:50 -0600, HLS wrote:

Actually, yeah. GM does make *some* decent cars, and to see them go out of business would not be good for anybody, certainly.
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I totally agree that this is very serious. My point is Ed has a way of sparking a flame war between the GM and Toyota group, and I honestly don't see a need for it. All it does is cause the two groups to go to hell for a few weeks.
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